With razor-thin margins, increased consumer expectations and a greater need for real-time data visibility, the case for 5G in shipping is clear.
With 5G, companies are no longer tied to the limitations of wired networks. For warehouses that require robots, automation and the Internet of Things (IoT) to improve logistics, 5G can provide flexibility and coordination unattainable with wired networks, and it yields greater visibility and control over transportation systems with near real-time shipment data and weather conditions.
For inventory and warehouse management, 5G's high speed and low latency could allow companies to overcome challenges by enabling new features such as critical process optimization, remote maintenance and control enablement, and autonomous vehicle deployment. 5G and mobile edge computing can also enable faster end-to-end visibility into the supply chain, thereby potentially reducing the time to resolve supply chain interruptions.
New quick, cost-efficient last mile delivery methods, such as at-scale air and land drone delivery, are also changing the game. The market for autonomous, last mile delivery aerial drones specifically is expected to grow from $860 million in 2021 to $4.9 billion by 2030. Additionally, 5G's low latency can help with monitoring air traffic in and out of a busy logistics hub, raising the stakes for last mile efficiency.